Tips & Advice

/Tips & Advice

What Banks Look For When Interviewing Loan Applicants

Here’s what your bank is looking for during an interview about your loan application. Information Banks look closely at the financial data you are presenting therefore, you need to prove that you are organized, capable of transferring your business ideas in writing, and able to support these with financial data.  Present factual info about your business and industry, and the plans you’ll carry out to comfortably pay off the loan. Collateral One way bank manages risks is to seek for quality

Three Smart Ways To Fund Your Small Business

Starting a small business but can’t decide how to fund it?  Here are three smart ways to go about it. Dig into your pockets At the initial stages, your best move is to self-fund for some time before relying on other people’s pockets.   Start digging into your savings or valuable assets you can leverage on.  When you’re risking your own money, you’ll refuse to fail and focus on making more profits. Approach family and friends While there is a possibility of ending up with